Political Quotes

“I want to thank my colleague and the Democratic leader, Senator Schumer, for his statement on this Trump tax plan. I think he really has summarized in his statement the concerns many of us have. We are concerned that the Trump tax plan will do several things. It will cut funds for education in America at a time when we need it now more than ever to prepare our people for the jobs of the future. It endangers Medicare, a program that for almost 50 million Americans is critical for the healthcare they receive. At the same time, it is going to dramatically increase the deficit. For so long, we have heard from the Republicans that their No. 1 issue was cutting the deficit, and now they come up with a tax plan that will increase the size of our deficit. Finally, of course, all of this is being done to create tax breaks for the wealthy and the biggest corporations in America. Here are the simple facts: As a percentage of our gross domestic product, corporate profits in America have never been higher. Corporate profits have never been higher. As a percentage of the gross domestic product, corporate Federal taxes paid have never been lower. Profits never higher, taxes never lower, and the Trump tax plan says: Let's cut corporate taxes even more, and then let's cut taxes on the wealthiest people even more. That is not a fair tax plan. It is not a fair tax reform.…”